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Sylios Corp. (UNGS)

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Last Post: 10/1/2014 8:00:39 AM - Followers: 549 - Board type: Free - Posts Today: 8

OTC:UNGS



ST. PETERSBURG, Fla. / ACCESSWIRE / August 15, 2014 / Sylios Corp (OTC Pink:UNGS), through its subsidiary, The Greater Cannabis Company, LLC, is pleased to announce that it has entered into a U.S. based licensing agreement with Artemis Dispensing Technologies ("Artemis") for the development and resell of its automated dispensing product.

Under the collaboration and license agreement, Artemis will be responsible for the development of a high end automated dispensing product. Upon launch and sales of the product, Artemis will be responsible for the installation, training and customer support for the hardware and software. The Company will be responsible for direct sales, addition of key distributors and sub-licensing of specific territories within the U.S.

Under the terms of the agreement, the Company will pay to Artemis a one-time licensing fee in the amount of $500,000.00 broken into tranches and based on development parameters. The Company has made the first payment towards the licensing agreement. Artemis will also receive a percentage of transaction fees generated on a monthly basis per unit. The Company will receive revenue generated directly from sales either though its website or sales staff, a royalty from sales generated through third party vendors/distributors, transaction based revenue and a percentage of any sub-licenses sold. In addition, the Company shall have the first right of refusal to purchase a license for the use of the same technology in other countries.

The Company's intended use of this product is solely as its first tier cannabis dispensing product. The product is scheduled to be completed and launched during the fourth quarter of 2014. As previously announced, the Company will launch its website dedicated to the new cannabis dispensing product in the very near future and anticipates presales to commence immediately thereafter.

Artemis previously entered into a Master License Agreement for the development and use of this proprietary technology focusing on automated dispensing units, inventory management and digital signage. By entering into this license agreement with Artemis, the Company has retained the full scope of technology required for launching an advanced cannabis dispensing product.

As such, the Company and Signifi have mutually agreed not to complete the acquisition as described in the Letter of Intent entered into earlier this year. Instead, the company will proceed with product development through the license agreement with Artemis. By terminating the proposed acquisition and moving forward with the licensing agreement, Management estimates that the number of shares required to be issued by the Company will be reduced by over 300 million, cash outlay for capital expenditures will be reduced by over $1.0 million and the time the Company recognizes revenue from sales cut in half.

Wayne Anderson, President of Sylios Corp, noted, "While the original plan for an acquisition and integration of the entire Signifi team was our original goal, Management strongly believes that it is in the best interest of shareholders to move forward with the licensing agreement with Artemis. The reduction in shareholder dilution will allow shareholders to benefit from the launch of the Company's cannabis dispensing product and subsequent revenue recognition in a more timely fashion."

About Sylios Corp

Sylios Corp, based in St. Petersburg, FL, is a holding corporation with operations engaged in the exploration and development oil and natural gas properties, investments in equities and corporate debt and the development of products utilized for the medical and recreational marijuana industry. Additional information can be obtained at the Company's website, www.usnatgascorp.com. The Company's website address will change to www.sylios.com.

About Artemis Dispensing Technologies

Artemis is a technology company founded with the goal of developing custom automated dispensing solutions. Its expertise is in working with verticals that require high security and temperature control and flexible payment processing technologies. Additional information can be obtained at the Company's website, www.artemisvending.com.

 

 

 






UNGS Forms "The Greater Cannabis Company, LLC" and Board Of Directors Vote For Company Name Change to reflect change of direction

 
On March 13, 2014, the Company formed The Greater Cannabis Company, LLC ("GCC") in the state of Florida. GCC will act as the
Company’s operating subsidiary for its new operation in the medical and recreational marijuana market.






 (UNGS) US Natural Gas Corp Announces Corporate Realignment and Expansion of Operations Company Forms Cannabis Subsidiary 


ST. PETERSBURG, Fla. March 17, 2014 --(OTC Pink:UNGS), an energy exploration company with operations in the Appalachian Basin is pleased to inform shareholders that the Company's Board of Directors has elected to realign its hierarchy of operations and further expand operations with the formation of a new wholly owned subsidiary. 
In an effort to more accurately reflect the Company's operations, the Board of Directors has approved several key changes to be implemented within the coming weeks. Included within these changes will be a name change to the parent Company to better reflect its role as a holding company. The Company's current subsidiaries will remain active with the possibility of name changes to one or more.

The Company has formed a wholly owned subsidiary whose operations will concentrate on the medical and recreational marijuana market in the southeast. 
Further details on the aforementioned corporate actions will be released simultaneously with the release of the Company's Unaudited 2013 Annual Report on or before March 30, 2014. 



 
 

Market Value1                 $1,095031   a/o Jun 09, 2014

Shares Outstanding      576,332,181    a/o Mar 31, 2014
Float                                233,459,081    a/o Mar 24, 2014
Authorized Shares      2,000,000,000    a/o Nov 14, 2013

Par Value     0.001


 
 
 
     
Management


Wayne Anderson, President and Chairman
 
Wayne Anderson has served as the President and Chairman of the Board of US Natural Gas since the incorporation of the company,
under the name of Adventure Energy, Inc., in March 2008. Prior to founding Adventure Energy, Wayne Anderson acted as the
Managing Member and a founding partner of Around the Clock Trading & Capital Management, LLC, an investment management
company, and the General Partner of Around the Clock Partners, LP from January 2000 through 2008. Through the fund Around the
Clock Partners, LP, Mr. Anderson has made significant key investments within the natural resources sector.
 
Mr. Anderson has been a vital source in negotiating and executing transactions for several small to mid-sized companies. From June
1997 through December 1999, Mr. Anderson was a proprietary equities trader. Mr. Anderson practiced as a Podiatric physician from
May 1993 through June 1997. Mr. Anderson studied biology at the University of Georgia from 1984 to 1987 and then attended the
Temple University School of Podiatric Medicine (formerly the Pennsylvania College of Podiatric Medicine) where he received a
doctorate of podiatric medicine (DPM) in 1991.









Sylios Corp 
 
 

The Greater Cannabis Company

Formed in March 2014, The Greater Cannabis Company, LLC will act as the Company’s operating subsidiary for its recently launched operations in the medical and recreational marijuana market. The Company will look to represent a line of premier products through licensing agreements, development, acquisitions and joint ventures.

Recent Accomplishments

The Company recently entered into a U.S. based licensing agreement with Artemis Dispensing Technologies for the development and resell of its automated dispensing product. Under the collaboration and license agreement, Artemis will be responsible for the continued development and completion of the automated dispensing product. Upon launch and sales of the product, Artemis will be responsible for the installation, training and customer support for the hardware and software. The Company will be responsible for direct sales, addition of key distributors and sub-licensing of specific territories within the U.S.

Domains

The Company has registered several domain names associated with the medical and recreational marijuana market. A few of the Company's domain names include:

  • cannabisdepot.us
    marijuanadepot.us
    potdepot.us
    weedapothecary.com
    weedpharmacy.us
    420somewhere.us

 

MUST SEE NEW WEBSITE
CLICK HERE


http://www.sylios.com/subsidiaries/the-greater-cannabis-company
 
 

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UNGS
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Wiki
UNGS News: Investor Updates on Growth Companies in the Small Cap Arena and Special Profile by SmallCapTraders.com 07/16/2014 10:30:00 AM
UNGS News: US Natural Gas Corp Announces Approval of Name Change and Effective Date 06/19/2014 09:45:00 AM
UNGS News: US Natural Gas Corp to Acquire Signifi Solutions Inc. 04/30/2014 09:29:27 AM
PostSubject
#46811  Sticky Note The machines are on the Artemis vending site http://www.artemisvending.com Boo gwinis 09/27/14 02:54:43 PM
#43104  Sticky Note Greenscape Laboratories, Inc. Announces Consulting Agreements With Sylios Jaxon2010 08/19/14 08:45:43 AM
#42548  Sticky Note CEO Update to Tom's post: bullrams 08/15/14 05:37:00 PM
#47132   Nice animation. Now if we can get some starkd748 10/01/14 08:00:39 AM
#47131   lol skills3 10/01/14 07:15:24 AM
#47130   Nice! It's coming!! Jaxon2010 10/01/14 06:31:56 AM
#47129   Me either. Maybe gwinis knows. Jaxon2010 10/01/14 06:30:54 AM
#47128   Awww poor baby....did you buy too many shares gwinis 10/01/14 04:54:02 AM
#47127   SYLIOS.COM IS HOSTED BY AMAZON Trimdaddy50 10/01/14 02:46:23 AM
#47126   I'm not sure, I was just checking Trimdaddy50 10/01/14 12:49:12 AM
#47125   Nice Trim. Did that just get updated? Jaxon2010 10/01/14 12:09:16 AM
#47124   The new dispensary machines are on Sylios website Trimdaddy50 09/30/14 11:41:12 PM
#47121   Under 10 at the ask. critter1 09/30/14 08:31:11 PM
#47119   Lol this is a bottomless Pitt. Confirmed today. starkd748 09/30/14 07:04:13 PM
#47118   Really..????.....how do u find these bottomless scams....seriously here4beer 09/30/14 06:50:43 PM
#47117   Your fine at .0012. When this goes looking Jaxon2010 09/30/14 06:36:41 PM
#47116   Wish I had funds to hit these 4s, 1990Flstf 09/30/14 06:34:43 PM
#47115   Added more today!! Maybe more tomorrow!!! Jaxon2010 09/30/14 06:07:30 PM
#47114   It is frustrating. But the RSI is at The Apostle 09/30/14 05:24:53 PM
#47113   I seriously doubt you haven't paid attention for cuttycutts 09/30/14 05:21:17 PM
#47112   We have been hearing that when this pos samstockguru 09/30/14 05:05:45 PM
#47111   Looks like this company is dumping getting ready makinbacon1 09/30/14 05:05:40 PM
#47110   Again I've have told you all!!!! Beware of INVESTOR 1384 09/30/14 04:11:53 PM
#47109   Well, one thing you can say... there has dnomaid 09/30/14 03:56:24 PM
#47108   LOL. Wishful thinking. New quarter tomorrow. vortmaximum 09/30/14 03:52:28 PM
#47107   Maybe not WILD BILL BUFFET 09/30/14 03:49:02 PM
#47106   F-er! DH Wayne at it again! vortmaximum 09/30/14 03:46:08 PM
#47105   Wake me up when its over....ZZzzzzzzzzzz ZZZzzzzzzzzzz snoring gwinis 09/30/14 03:39:59 PM
#47104   T-90 minutes til a brutal 3rd quarter ends. vortmaximum 09/30/14 02:30:02 PM
#47103   Golden 4's... this is what dreams are made linkvest 09/30/14 01:34:36 PM
#47102   Added 1.25 more chomp chomp chomp gwinis 09/30/14 01:21:53 PM
#47101   You bet it will. lol..... linkvest 09/30/14 01:06:14 PM
#47100   This will run soon. Patience. RSI at 33.56 The Apostle 09/30/14 01:03:58 PM
#47097   Being shuffled to DH Wayne's insiders for the vortmaximum 09/30/14 12:43:57 PM
#47096   it did for 17 seconds then went right truckerjoeh 09/30/14 12:40:43 PM
#47094   That is my point, the displayed is a RFB 09/30/14 12:37:09 PM
#47093   5 million buy didn't change ask at all. WILD BILL BUFFET 09/30/14 12:35:08 PM
#47092   Nope, they are still loading up that ask RFB 09/30/14 12:35:03 PM
#47091   Agreed x2. Could have dumped ~40 mil No-Quarter 09/30/14 12:25:06 PM
#47090   0.0003 x42,682,800 / 0.0004 x16,390,000 No-Quarter 09/30/14 12:23:57 PM
#47089   Agreed. Trimdaddy50 09/30/14 12:23:22 PM
#47088   Well the day/quarter isn't over, but thinking DH vortmaximum 09/30/14 12:00:55 PM
#47087   Exactly, I don't get angry I get Trimdaddy50 09/30/14 11:50:41 AM
#47086   I need more .0003's ... ;-) I don't truckerjoeh 09/30/14 11:46:53 AM
#47085   Yup, the Bly thing I'm bummed about is looking 4 a win 09/30/14 11:42:31 AM
#47084   LOL, Luck PM-ing all today..... vortmaximum 09/30/14 11:42:09 AM
#47082   Whattttttttttttttttttttttt u were long and strong I thought. starkd748 09/30/14 11:39:20 AM
#47081   me too - don't appreciate that kind of action happycampers 09/30/14 11:35:09 AM
#47080   Nice:) skills3 09/30/14 11:34:23 AM
#47078   And back..... looks like the 4's are almost linkvest 09/30/14 11:06:08 AM
#47077   0.0003 x36,836,300 / 0.0004 x14,010,000 No-Quarter 09/30/14 10:30:16 AM
#47076   its easy to tell a trader who has rottweiller 09/30/14 10:29:32 AM
#47074   LOL will/tony 09/30/14 10:08:35 AM
PostSubject